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☆ British supermarkets confront their German discounting demons
▼ + stars: | 2023-02-22 | by ( James Davey | ) www.reuters.com time to read: +5 min

And the discounters' supermarket sweep still has a long way to run, industry executives say, with Aldi UK CEO Giles Hurley pledging Britain's lowest prices "no matter what". "Over the Christmas period alone shoppers switched 58 million pounds ($70 million)(of purchases) to Lidl from Tesco and Sainsbury's," Lidl GB CEO Ryan McDonnell told Reuters. Tesco and Sainsbury's are now matching Aldi prices on hundreds of key items and using customer loyalty schemes, while they have accepted a profit hit to keep prices down. Sector executives, speaking on condition of anonymity, said the further rise of Aldi and Lidl is inexorable. "Nobody's going to take Tesco out but at some point somebody might take Sainsbury's out," the sector veteran said.

☆ Three Years Into Covid, We Still Don’t Know How to Talk About It
▼ + stars: | 2023-02-22 | by ( Jon Mooallem | Photographs Ashley Gilbertson | ) www.nytimes.com time to read: +53 min

It will play out and reverberate for years or decades, Hagen told me. “The pathological normal,” Hagen calls it: a patchwork of homespun, bespoke realities, each one invested in a different story about what exactly happened when Covid ruptured the story of our lives. garb.”More than once, life seemed to be attaining “an uncanny resemblance to normal life,” as one man put it. But because we don’t totally understand where that experience has delivered us, we don’t know the right gloss to give it. “The days are strange,” one public-school teacher told Milstein toward the end of his first interview, in May 2020.

☆ Costco's new roast beef sandwich costs as much as 6 of the retailer's hot dogs
▼ + stars: | 2023-02-22 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Costco's food court is known for cheap fast-food staples such as $1.50 all-beef hot dogs. But some are balking at the price of the $9.99 roast beef sandwich. Many hard-core warehouse fans complained it was too expensive for Costco's food court, known for cheap fast-food staples such as $1.50 all-beef hot dogs and $10 whole pizzas. It is made with sliced roast beef, onion relish, a mayonnaise and mustard blend, lettuce, and roasted cherry tomatoes and served on a hoagie-style roll. When asked about the status of the roast beef sandwich, a food court worker answering the phone at the Lynnwood warehouse said 29 were left.

☆ Seen Big Ben already? Here's a Londoner's guide to visiting other parts of the city
▼ + stars: | 2023-02-15 | by ( Lucy Handley | ) www.cnbc.com time to read: +11 min

Central London's City of Westminster is its political heart, while the City of London is where the capital's financial decisions happen. But be warned: Several paths across Hyde Park are pedestrian-only, and police often fine people who cycle on them. The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. While north London has Hampstead Heath, south of the river is Richmond Park, which dwarfs its northern counterpart in size. There's also a branch in central London's Covent Garden — the flower-filled restaurant The Petersham — that has an sit-down deli and bar.

☆ Wonya Lucas is making big changes at the Hallmark Channel
▼ + stars: | 2023-02-14 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

And she's done it all while staying true to the Hallmark brand, which Lucas said is always on her mind. Courtesy: Hallmark MediaUnder Lucas, Hallmark's "Countdown to Christmas" movie slate has increasingly changed. When Lucas became CEO of Hallmark Media, which also includes the Hallmark Movies and Mysteries network, it had also been coming out from under a firestorm of controversy. There needed to be more diversity in both casting and storylines," Hamilton Daly said. Zoom In Icon Arrows pointing outwards Three Wise Men and a Baby Hallmark Media

☆ Subway says it's exploring a sale
▼ + stars: | 2023-02-14 | by ( Samantha Delouya | Nancy Luna | ) www.businessinsider.com time to read: +2 min

Subway said Tuesday that it is exploring a sale of the chain. Last month the WSJ said Subway was up for sale in a deal that could fetch more than $10 billion. "There is no indication of timing or assurance that a sale will occur," the sandwich chain said in a brief statement. Last month, the Wall Street Journal said Subway was exploring a sale that could value the sandwich chain at more than $10 billion. In late January, Subway's late cofounder, Buck, gave his 50% stake in Subway to his foundation, where his two sons work.

☆ Tesco's UK store management changes to impact 1,750 jobs
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

Tesco said a new structure will see it introduce about 1,800 "shift leader" roles in its larger Superstores and Extra stores and also realign its store manager roles. Tesco said the 1,750 workers affected will have the option of moving to shift leader vacancies or taking redundancy. It said localised changes across the UK business will impact a further 350 jobs. Tesco said it also planned to close the meat, fish and deli counters in the small number of stores that still have them from Feb. 26. The group said it currently had around 2,000 vacancies across the business, in addition to the more than 1,800 new shift leader roles it will be introducing.

☆ Former Covid chief Jeff Zients to replace Ron Klain as White House chief of staff, Biden confirms
▼ + stars: | 2023-01-27 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

Jeff Zients, former White House Covid-19 response coordinator under Biden and an economic advisor to former President Barack Obama, will replace Ron Klain as White House chief of staff, President Joe Biden confirmed in a statement Friday. Zients is a longtime ally of both Biden and Klain and has a reputation of getting things done. In recent weeks he has returned to the White House to help coordinate staff turnover after the midterms, where he has worked closely with Klain. The White House will hold an official transition event next week to welcome Zients and thank Klain, Biden said in his statement. Zients worked as CEO of health care consulting firm the Advisory Board Company, which is now part of UnitedHealth.

☆ $100 million New Jersey deli fugitive Peter Coker Jr. agrees to extradition to U.S. from Thailand
▼ + stars: | 2023-01-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A former fugitive wanted on criminal stock manipulation charges related to a money-losing New Jersey deli once valued at $100 million has agreed to be extradited from Thailand to the United States, Thai authorities said. Peter Coker Jr., 54, was arrested last week by Thai police in the resort area of Phuket, less than four months after he, his father, Peter Coker Sr., and an associate, James Patten, were indicted in New Jersey federal court. Coker Jr., who most recently was known to be living and working as a businessman in Hong Kong, is being held in a Bangkok jail for the next several weeks before his expected extradition, the Associated Press reported Friday. Thai police, in a statement, said Coker Jr., who is an American most recently known to be living in Hong Kong, had entered the country with a passport issued by the Caribbean island of St. Kitts and Nevis. "Mr. Coker Jr. voluntarily consented to be extradited to the U.S., which has simplified the court's legal process," Teerat Limpayaraya, a prosecutor in Thailand's Attorney General's office, told the AP.

☆ Police in Thailand arrested an American man in connection with an alleged fraud that left a New Jersey deli worth $100 million
▼ + stars: | 2023-01-19 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Thai police arrested a man over an alleged fraud involving a firm that owned a New Jersey deli. Peter Coker Jr. was detained on January 11 at a hotel in Phuket, the Bangkok Post reported. His father, Peter Coker Sr., and James Patten were arrested in September and have pleaded not guilty. Coker Jr was the subject of arrest warrants issued by Interpol, per the Post, after being accused of stock market manipulation and fraud in September. The Post reported that Coker Jr. admitted he was the man wanted on the Interpol register.

☆ Fugitive $100 million New Jersey deli defendant Peter Coker Jr. arrested in Thailand
▼ + stars: | 2023-01-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Peter Coker Jr., who last was known to be living in Hong Kong, is one of three people charged in the case involving the deli owner, Hometown International , and a related shell company, E-Waste . The Bangkok Post reported that the 54-year-old Coker Jr. was arrested on Jan. 11 in a hotel room in the Thalang district of Phuket province, Thailand. The newspaper said Coker Jr. was arrested pursuant to so-called red and black notices issued by the International Criminal Police Organization, Interpol. Local Thai police, working with the FBI, arrested Coker, after tracking him to the hotel, The Post reported. Coker Jr. had served as chairman of Hometown International, whose sole asset for years was the Your Hometown Deli in Paulsboro, New Jersey.

☆ 45-year-old brain expert shares how he eats like a 'SuperAger' every day to stay 'young and energized'
▼ + stars: | 2023-01-13 | by ( Marc Milstein | ) www.cnbc.com time to read: +4 min

SuperAgers are a great example of how both genetics and lifestyle choices play a role in how the brain ages. In my book, "The Age-Proof Brain," I explore how they keep their brains young, boost immunity and memory, and fight neurological disorders like dementia. The workday beginsI tackle my most difficult and creative tasks early in the day, when my brain is most alert. Before bedtime, I'll catch up on baseball news and talk to my wife about our day. At 9:30 p.m., it's time to shut off all devices and listen to some music before turning out the lights.

☆ The FTC wants to ban companies from telling their employees they can't work for competitors — and says it'll help workers make $300 billion more a year
▼ + stars: | 2023-01-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The FTC wants to ban noncompete agreements, which stop workers from moving to competitors or starting their own similar businesses. Under the FTC's proposed rule, employers wouldn't be able to impose a noncompete, and past ones would be rescinded. FTC Chair Lina Khan said that noncompetes undermine competition and competitive conditions. Under a new proposed rule, the FTC would ban employers from saddling workers with noncompete agreements that prohibit them from working at competitors, or starting similar businesses. In some cases, workers can't start their own businesses similar to the ones they're working in.

☆ Mark Cuban offered multiple $1 million 'Shark Tank' investments this year—here's what they have in common
▼ + stars: | 2022-12-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban, who built his fortune starting and selling tech companies, only offered two $1 million investments on ABC's "Shark Tank" in 2022. Instead, the owner of the NBA's Dallas Mavericks gave his biggest investments of the year to two food companies. It's not unusual for a "Shark Tank" investor and company to abandon or revise their partnership. In May, CupBop told CNBC Make It it was operating 36 locations across six U.S. states and more than 100 locations in Indonesia. Cuban, who went vegetarian in 2019, has invested millions of dollars over the past few years in other food companies on "Shark Tank."

☆ Judge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
▼ + stars: | 2022-12-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Federal prosecutors had requested earlier in December that the judge postpone the SEC case due to considerable overlap with their criminal litigation. Judge Christine O'Hearn granted that request on Wednesday, stating that there was no opposition from either the SEC or the defendants. It was the sole asset of Hometown International, a company controlled by financiers James Patten, Peter Coker Sr. and Peter Coker Jr. Your Hometown Deli made under $40,000 in annual revenue despite Hometown International's $100 million market value, according to public filings. Prosecutors say Patten convinced Morina to open the deli under the umbrella of Hometown International.

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Chase Freedom Flex℠ and Chase Freedom® cardholders can activate the Q1 bonus categories through their Chase account starting December 15, 2022, until March 14, 2023. How Chase Freedom quarterly bonus categories workEach quarter of the year, the Chase Freedom Flex℠ and Chase Freedom® cards earn 5% back (or 5x points) on a different set of bonus categories. That's why you can think of the Chase Freedom Flex℠ and Chase Freedom® bonus categories as earning you either 5% back or 5x points. Previous Chase Freedom quarterly bonus categoriesFor Q4 2022 (October through December), the Chase Freedom bonus categories are Walmart and PayPal. Right now, there are alternative bonuses available directly through Chase for the Freedom cards — find out more in our guide to the current Chase Freedom offers and in our Chase Freedom Flex review.

☆ All They Want For Christmas Is to Stop That Mariah Carey Song
▼ + stars: | 2022-12-12 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

Christian Graham doesn’t want a lot for Christmas. In fact, there is just one thing he needs. “Enough is enough,” says Mr. Graham about Mariah Carey‘s mega hit, “All I Want for Christmas is You,” which plays incessantly at the Chicago deli where he works. “Past a certain point, I might go crazy,” he says.

☆ Federal prosecutors ask judge to postpone SEC case in alleged New Jersey deli stock fraud
▼ + stars: | 2022-12-09 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +1 min

Federal prosecutors in New Jersey want the Securities and Exchange Commission to postpone its civil case against the alleged masterminds behind a $100 million fraud scheme involving a small-town deli so it won't get in the way of their ongoing criminal case. Prosecutors for the District of New Jersey filed a motion on Wednesday saying the SEC's case "substantially" overlaps with their ongoing criminal case and the civil matter should be postponed until the litigation, including a potential trial, is completed, court records show. Postponing the civil case would "preserve the integrity" of the ongoing prosecution by preventing the defendants from seeing the extent of the government's evidence against them, federal prosecutors argued in the filing. The SEC and the attorneys for the suspects consented to the request, which is common in such cases. A telephone conference is scheduled in the criminal case for Dec. 14, but it's expected to be mostly procedural and an opportunity for the prosecutors and defense attorneys to update the judge on the status of the litigation.

☆ The wild success of Walmart's generic cream cheese perfectly encapsulates the problems with the American economy right now
▼ + stars: | 2022-12-09 | by ( Alex Bitter | Ben Tobin | ) www.businessinsider.com time to read: +4 min

Walmart's cream cheese was one of the fastest-growing brands of 2022, according to Morning Consult. It was cream cheese from Walmart. Store-brand cream cheese isn't a typical contender for most popular product, said Emily Moquin, food and beverage analyst at Morning Consult. Philadelphia is the market leader in cream cheese, Morning Consult's Moquin said. "That is partially why we see this very specific category of cream cheese being on the list."

☆ ‘“I’ll Have What She’s Having”: The Jewish Deli’ Review: When Rye Met Pastrami
▼ + stars: | 2022-12-07 | by ( Joanne Kaufman | ) www.wsj.com time to read: 1 min

New York‘Tell me what you eat,” the 18th-century French lawyer and gastronome Jean Anthelme Brillat-Savarin famously said, “and I will tell you who you are.” “‘I’ll Have What She’s Having’: The Jewish Deli,” the terrific exhibit that opened last month at the New-York Historical Society, makes a credible case for an alternative view: “Tell me who you are, and I will tell you what you eat.”

☆ A Deadly Listeria Outbreak Tied to Deli Meats and Cheeses Spreads to Six States
▼ + stars: | 2022-11-10 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

A listeria outbreak has been linked to deli meats and cheeses in six states, resulting in one death and one pregnancy loss, according to public health officials. The Centers for Disease Control and Prevention said it’s investigating the cause of the listeria outbreak that has infected at least 16 people. Public health officials verified cases in California, Illinois, New York, New Jersey, Maryland and Massachusetts after collecting samples from sick people between April 2021 and September 2022, the CDC said.

One person died, a woman lost her pregnancy, and over a dozen others were sickened in a listeria outbreak believed to be linked to deli meat and cheese, public health officials said Wednesday. At least 16 people in six states have been sickened, with New York state reporting the most people sickened, the Centers of Disease Control and Prevention said, but the real number is likely higher. In New York, where seven of the sick people were identified, five bought deli meat or cheese from at least one location of the NetCost Market chain, but others did not, according to the CDC. The CDC said investigators don’t think that chain is the sole source, and that products bought at deli counters in multiple states are the likely source. “A contaminated food likely introduced the outbreak strain of Listeria into delis in multiple states,” the agency said.

☆ Where to Eat: The Jewish Deli
▼ + stars: | 2022-11-10 | by ( ) www.nytimes.com time to read: 1 min

Stephen Speranza for The New York TimesHe also pointed me toward Second Avenue Deli, where, in under an hour, you can enjoy matzo ball soup with the most beautiful pale bronze broth and a manageable pastrami on rye. (A tip: The Upper East Side location of the deli has a Second Avenue bar above it.)

☆ C.D.C. Links Deadly Listeria Outbreak to Deli Meats and Cheeses
▼ + stars: | 2022-11-09 | by ( Eduardo Medina | ) www.nytimes.com time to read: +1 min

One person has died and 13 have been hospitalized in a listeria outbreak across six states that most likely was caused by contaminated deli meat and cheese, federal health officials said on Wednesday. The outbreak sickened at least 16 people from April 17, 2021, to Sept. 29, 2022, according to the Centers for Disease Control and Prevention: three in Maryland, where the person who died resided; seven in New York; two people each in Illinois and Massachusetts; and one each in New Jersey and California. There may have been more recent cases, but it typically takes three or four weeks to determine if an illness is tied to an outbreak. The true number of sick people is most likely higher, and the outbreak “may not be limited to the states with known illnesses,” the agency said in a news release. The flulike symptoms of listeriosis — fever, vomiting and diarrhea — most often affect older adults, immune-compromised individuals and pregnant women, who can pass it on to their fetuses.

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